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As we enter the annual season of giving, you might be thinking of charities you wish to support. But you also might be wondering how to gain some tax benefits from your gifts.
It used to be pretty straightforward: You wrote a check to a charity and then deducted the amount of the gift, within limits, from your taxes. But a few years ago, as part of tax law changes, the standard deduction was raised significantly, so fewer people were able to itemize deductions. Consequently, there was less financial incentive to make charitable gifts.
Of course, this didn't entirely stop people from making them. And it's still possible to gain some tax advantages, too.
Here are a few tax-smart charitable giving strategies:
• Bunch your charitable gifts into one year. If you combine a few years' worth of charitable gifts in a single year, you could surpass the standard deduction amount and then itemize deductions for that year. In the years following, you could revert to taking the standard deduction.
• Make qualified charitable distributions. Once you turn 73 (or 75 if you were born in 1960 or later), you must start taking withdrawals from your traditional or inherited IRA. These withdrawals — technically called required minimum distributions, or RMDs — are taxable at your personal income tax rate, so, if the amounts are large enough, they could push you into a higher tax bracket or cause you to pay larger Medicare premiums.
But if you donate these RMDs directly to a qualified charity, you can avoid the taxes. And because these donations, known as qualified charitable distributions (QCDs), will reduce the balance on your IRA, you may have lower RMDs in the future.
Of course, if you need some or all your RMDs to help sustain yourself in retirement, the use of QCDs may not be of interest to you. Keep in mind, though, that you can start making QCDs at 70½, even before you must start taking RMDs. QCDs up to $105,000 can be taken in 2024.
• Consider a donor-advised fund. If you’re interested in a long-term charitable giving arrangement, you might want to consider establishing a donor-advised fund. You can put many types of assets into this fund, and then direct it to make grants periodically to the charities you’ve chosen. You get an immediate tax deduction for your contribution, and, if you donate appreciated assets, such as stocks, you'll avoid the capital gains taxes you would have incurred if you simply sold the stocks and then gave the money to the charities. One note of caution, though — your contributions to a donor-advised fund are irrevocable, and once the assets are in the fund, you can’t use them for anything except charitable giving.
These strategies — QCDs and donor-advised funds in particular — can be complex and involve several issues of which you should be aware. So, you should consult your tax advisor before taking action. But if any of these techniques are appropriate for your situation, give them some thought — because helping a charitable group and getting tax benefits for doing so is a “win” for everyone.
Chad Choate III, AAMS
828 3rd Avenue West
Bradenton, FL 34205
941-462-2445
chad.chaote@edwardjones.com
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
Moving can be a significant challenge at any stage of life, but it poses unique obstacles and emotional hurdles for seniors. Adapting to a new environment, downsizing belongings, and managing the physical demands of moving often make the process stressful. Recognizing these challenges, Grand Living at Wellen Park and Master Movers have joined forces to offer specialized moving services that address the specific needs of seniors, ensuring a smooth and compassionate transition. This partnership not only simplifies the logistics of moving but also provides emotional support, helping seniors embrace this new chapter of their lives with confidence and ease.Embracing a New ChapterThe journey into a new home is often seen as a fresh start, but for many seniors, its a move filled with mixed emotions. Whether transitioning into a smaller home or moving into a senior living community, the change can be daunting. Master Movers specializes in senior relocation, providing services that go beyond mere moving tasks.Key services include:Comprehensive move managementEmotional and physical supportPersonalized planning based on individual needsThese services ensure that every senior feels understood, respected, and cared for throughout the moving process. With expert teams that are trained in the nuances of senior moving, both organizations demonstrate a deep commitment to making this significant life transition as smooth and stress-free as possible.Understanding the Unique Needs of Senior MovesSeniors face several distinct challenges when moving that go beyond the physical act of transporting items from one place to another. For many, this transition means parting with belongings that have decades of memories attached, which can be emotionally taxing. Additionally, the physical demands of packing and organizing a move can be difficult for those with limited mobility or health issues.Key challenges faced by seniors during relocation include:Emotional Stress: Leaving a long-term home filled with memories.Physical Strain: Packing, lifting, and sorting can be physically demanding.Decision Fatigue: Making numerous decisions about what to keep, donate, or discard.Adaptation Anxiety: Worry about adjusting to a new living environment.Understanding these challenges, Grand Living and Master Movers tailor their services to meet the emotional and physical needs of seniors. Their approach ensures that seniors are not overwhelmed by the process, providing support that respects their dignity and independence while making the transition smoother. With compassionate staff trained specifically in senior relocation, every step from planning to unpacking is handled with utmost care, ensuring seniors feel valued and heard throughout their moving journey.Tailored Moving Solutions for SeniorsMaster Movers has crafted a series of specialized senior moving services designed specifically to alleviate the common pains and challenges associated with senior relocations. Recognizing that each senior has unique needs and preferences, their approach is highly personalized, encompassing a full range of tailored solutions to ensure a stress-free move.Explore the core services offered:Custom Moving Plans: Every move begins with a detailed consultation to understand the specific requirements and preferences of the senior. This includes assessing the amount of belongings, special care items, and preferred timelines.Packing and Unpacking Services: Specially trained crews handle all aspects of packing and unpacking, paying close attention to the care and organization of items to ensure that everything arrives in the same condition it left. This service extends to setting up the new home according to the senior's preferences, providing a sense of familiarity and comfort right away.Storage Solutions: Understanding that downsizing can be a part of many seniors' moving processes, secure storage options are provided for items that are not immediately needed but hold sentimental or practical value.By offering these thoughtful services, Grand Living and Master Movers aim to mitigate the stress often associated with moving for seniors, turning what can be a challenging experience into an exciting new beginning that respects their past and looks forward to their future.The Grand Living Partnership with Master MoversThe strategic partnership between Grand Living and Master Movers is more than just a collaboration; it's a synergy that brings together expertise in senior living with excellence in moving services. This alliance is designed to provide a seamless and enriched moving experience for seniors, ensuring that every aspect of their relocation is handled with professionalism and empathy.Key Benefits of This Partnership:Integrated Services: By combining resources, both organizations provide a comprehensive service package that covers all facets of moving and living adjustments for seniors. This integration ensures that there is no gap between moving out of an old home and settling into a new environment.Expertise in Senior Needs: Both organizations bring a deep understanding of the challenges and needs specific to seniors, allowing them to pre-emptively address potential issues and tailor their services accordingly.Consistency in Service Quality: Clients receive the same high standard of service throughout all phases of their transition, from initial consultations and planning through to post-move adjustments and settling in.This partnership not only enhances the moving services offered but also reinforces the commitment to creating a compassionate and supportive environment that caters specifically to the lifestyle transitions of seniors. Ensuring that senior clients receive the utmost care and respect as they embark on this new chapter of their lives.Personalized Planning and SupportA successful move for seniors involves much more than transporting items; it requires careful planning and emotional support tailored to their specific needs. Grand Living and Master Movers specialize in creating a personalized moving experience that considers every detail from the senior's perspective.Personalized planning includes:Individual Consultations: Each senior receives a private consultation to discuss their specific needs, preferences, and concerns. This session helps to tailor the moving plan to suit their unique situation, ensuring that all aspects of the move are covered.Dedicated Move Managers: Seniors are assigned a dedicated move manager who serves as their point of contact throughout the moving process. This personalized approach ensures continuity and builds a trusting relationship, which can significantly reduce stress.Customized Moving Schedules: Understanding that seniors might need more time to adapt to changes, moving schedules are designed to be flexible. This allows for a gradual move, with time to adjust mentally and emotionally at every step.Specialized Packing and HandlingWhen moving seniors, attention to detail in packing and handling is crucial, not only for the safety of their possessions but also for their emotional wellbeing. Many seniors have cherished belongings that carry significant sentimental value, and the assurance that these items are handled with care is paramount. Grand Living and Master Movers provide specialized packing services tailored to meet these needs.Key aspects of their specialized packing and handling include:Expert Packing Techniques: Trained professionals use proven techniques and materials to pack items securely, ensuring they are protected during transit. Fragile items like glassware, antiques, and electronics receive extra attention and cushioning.Inventory Management: A detailed inventory is taken before the move, with items carefully logged and labeled. This meticulous approach helps prevent loss and confusion, providing peace of mind to seniors who can be assured that all their belongings are accounted for.Handling with Care: Moving crews are specially trained in the physical handling of items, using equipment and techniques that minimize the risk of damage. The teams are also trained in ergonomics to safely handle heavy and awkward items without injury.Unpacking and Setup: On arrival at the new home, the team not only unpacks items but also helps arrange them as per the seniors preferences. This service extends to reconnecting electronics, hanging pictures, and setting up the living space to be comfortable and familiar from day one.Providing Comfort and AssuranceDuring the moving process, one of the principal goals for Grand Living and Master Movers is to provide ongoing comfort and assurance to seniors, ensuring they feel secure and supported every step of the way. This is critical, as the familiarity of their old home is left behind and they transition into a new environment.Lessons Learned and Best PracticesOver the years, Grand Living and Master Movers have continually refined their services for seniors, drawing from each experience to enhance their approach. The accumulated insights not only improve service delivery but also offer valuable lessons and best practices that can benefit seniors and their families preparing for a move.Early Planning is Crucial: Starting the moving process early allows ample time for sorting belongings, making necessary arrangements, and addressing emotional adjustments. It reduces last-minute stress and ensures a more organized move.Communication is Key: Maintaining open and frequent communication with seniors and their families helps manage expectations and supports emotional needs. It fosters a smoother transition by building trust and alleviating concerns.Customization Enhances Comfort: Tailoring the moving experience to each seniors preferences and requirements ensures they feel respected and valued. Personal touches make the new environment feel like home faster.Post-Move Support is Essential: The moving experience doesnt end on moving day. Post-move check-ins and support are crucial in helping seniors settle into their new surroundings and resolving any issues that may arise.A Seamless Transition to Grand LivingAt the core of the services provided by Grand Living and Master Movers is the commitment to ensuring a seamless transition for all seniors. This goal is achieved by meticulously planning every detail of the move and continuously supporting the seniors throughout the process. The transition isnt just about relocating belongings; its about moving lives with dignity, respect, and utmost care.Ready to Begin?If you or a loved one are considering a move to a senior living community, or simply need to downsize and relocate, remember that you're not alone in this journey. Grand Living and Master Movers are here to ensure that the transition is as smooth and stress-free as possible.We invite you to take the next steps:Contact Master Movers: Reach out to us for an initial consultation where we can discuss your specific needs and begin tailoring a moving plan that fits perfectly with your requirements.Visit Grand Living: Schedule a visit to see firsthand the facilities and services offered. Experience the environment where you or your loved one could be enjoying a new, vibrant chapter of life.Plan Your Move: Let us assist you in planning a move that considers every detail, from logistical to emotional aspects, ensuring a comfortable and reassuring transition.By choosing Grand Living and Master Movers, you are not just choosing a moving service and senior living center, but partners who will walk with you every step of the way, making sure that each phase of the move is handled with care and professionalism. Dont hesitate to make this important move the best experience possible.
Downsizing can be an emotional and overwhelming process, especially when it involves parting with a lifetime of memories and cherished belongings. At Bluestar Move Management, we specialize in making this transition as smooth and positive as possible. Whether youre moving to a smaller home, a senior living community, or simply looking to declutter, our comprehensive downsizing services are designed to support you every step of the way.Why Choose Bluestar for Downsizing?We understand that each move is deeply personal. Our approach combines professionalism, compassion, and respect to ensure your downsizing experience is stress-free. Our team handles every detail, from sorting and organizing to packing and setting up your new home, so you can focus on embracing the next chapter of your life.Our Downsizing Process1. Free ConsultationWe begin with a complimentary one-hour onsite consultation to understand your goals, timeline, and specific needs. This helps us create a tailored plan for your transition.2. Sorting & OrganizingOur team works closely with you to sort through your belongings, helping you decide what to keep, donate, sell, or discard. We treat every item with care, respecting the memories and meaning attached to your possessions.3. Packing with CareWe handle the packing process with precision, ensuring that your items are safely and securely prepared for the move. From fragile keepsakes to everyday essentials, everything is packed with the utmost attention to detail.4. Estate LiquidationIf you have items you no longer need, we can assist with estate sales or donation coordination, helping you simplify your move while maximizing the value of your belongings.5. Moving Day ManagementOn moving day, we oversee all aspects of the process, coordinating with movers and ensuring everything goes according to plan.6. Unpacking & Home SetupOnce you arrive at your new home, we take care of unpacking and arranging your space to make it feel like home. From furniture placement to hanging artwork, we ensure your new environment is comfortable, functional, and welcoming.The Benefits of Downsizing with BluestarReduced Stress: We handle the logistics so you can focus on the emotional and practical aspects of your move.Customized Support: Every downsizing journey is unique, and we adapt our services to meet your specific needs.Professional Expertise: With years of experience, our team knows how to manage every detail of the process efficiently.Emotional Understanding: We recognize the emotional challenges of downsizing and provide compassionate support throughout the process.Additional ServicesDecluttering & Organizing: Create a streamlined, clutter-free living space with our expert organizing services.Donation & Disposal Coordination: We ensure that unwanted items are donated or disposed of responsibly.Home Sale Preparation: Enhance the appeal of your current home with our preparation services, including staging and organizing.Start Your Downsizing Journey TodayDownsizing is more than just a moveits a transition to a new chapter of life. With Bluestar Move Management by your side, you can trust that every step will be handled with care, respect, and professionalism.Contact us today to schedule your free consultation and discover how we can make your downsizing experience as smooth and stress-free as possible.
At Bluestar, we understand that moving is more than just transporting belongingsits about starting fresh in a new space. With our comprehensive moving help services, we aim to make your transition seamless and stress-free. Whether youre relocating to a smaller home, a senior living community, or simply need assistance with the complexities of moving, our expert team is here to guide you every step of the way.Our Moving Help Process1. Free ConsultationYour journey begins with a complimentary one-hour onsite consultation. Well discuss your goals, items for sale, and the timeline for your move, ensuring we understand your unique needs.2. Customized PlanningBased on your consultation, we create a tailored action plan to address every detail of your move. From packing and organizing to setting up your new home, our plan ensures a smooth and efficient process.3. Sorting & Floor PlanningOur team works with you to sort through your belongings, deciding what to keep, donate, sell, or discard. We also create a detailed floor plan for your new space, ensuring everything fits perfectly and is arranged for optimal comfort and functionality.4. Packing & UnpackingWe take care of the packing process with precision, ensuring your items are safely prepared for transport. Upon arrival at your new home, we oversee the unpacking and setup, arranging your furniture, artwork, and personal belongings to make your space feel like home.5. Home Sale PreparationIf youre selling your current home, we help enhance its appeal by organizing belongings, staging key areas, and coordinating with contractors to make necessary improvements. Our goal is to help you achieve the best possible sale.6. Making Your New Space Feel Like HomeOnce youre in your new space, we handle all the final touchesfrom arranging furniture to hanging art and setting up electronics. We also remove all packing materials, leaving your new home clean, organized, and ready to enjoy.Why Choose Bluestar?Expertise You Can Trust: With years of experience, we know how to handle every aspect of your move efficiently and with care.Tailored to You: We understand that no two moves are the same, so we adapt our services to fit your specific needs.Stress-Free Moving: Let us handle the details while you focus on settling into your new space.Comprehensive Services: From sorting and packing to estate sales and home setup, were your one-stop solution for all things moving-related.Additional ServicesEstate Liquidation: Need to downsize or sell items? We manage estate sales to help you simplify your move.Donation Coordination: Let us handle donating items you no longer need, giving back to the community on your behalf.Decluttering & Organizing: We create order out of chaos, ensuring your new home is functional and inviting.Ready to Make Your Move?Bluestars moving help services are designed to take the stress out of your relocation process. From the first consultation to the final unpacking, were here to support you every step of the way.Contact Us TodayTake the first step toward a smooth and stress-free move. Schedule your free consultation with Bluestar, and let us handle the details so you can enjoy the next chapter in your life.
Experience and BackgroundI am a financial advisor in Bradenton, FL, and began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals.As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that.Whether you're planning for retirement, saving for college for children or grandchildren, or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service.But we're not alone. Thousands of people and advanced technology support our office so that we can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals.I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program.I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.